SPX Technologies completes FIS Water deal as SPXC stock hits a 52-week low
Published on 10/01/2026 at 22:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SPX Technologies (ISIN US78473E1038) was trading at EUR 150.75 at Lang & Schwarz on October 1, 2026 at 10:22 p.m. CEST, plus 0.70 percent versus the prior close of EUR 149.70. On September 15, 2026, SPX Technologies completed its acquisition of FIS Water for USD 410 million, while Investing.com reported that SPXC stock reached a 52-week low on October 1, 2026.
FIS Water adds cooling capacity
According to MarketScreener on September 15, 2026, FIS Water joined SPX Technologies' HVAC segment and will operate within its Cooling platform. The acquired business supplies water management and control products for commercial and industrial cooling systems, including data center applications.
The transaction adds a concrete growth angle to SPX's HVAC strategy. FIS Water's products overlap with existing cooling-tower customers and channels, while its valve and actuator portfolio complements the Neptronic business acquired by SPX in July 2026, according to the same company release carried by MarketScreener.
Quarterly results beat estimates
For the second quarter of 2026, SPX Technologies reported revenue of USD 679.00 million and adjusted earnings per share of USD 2.02, according to Investing.com. Adjusted earnings per share exceeded the USD 1.85 estimate by USD 0.17, while revenue surpassed the USD 639.93 million forecast by USD 39.07 million.
The same report said SPX raised its full-year 2026 adjusted earnings-per-share outlook by USD 0.45 to a midpoint of USD 8.40. It also cited a 59.00 percent year-over-year increase in the HVAC backlog and a data center capacity expectation of USD 1.10 billion, up from USD 750.00 million.
SPXC stock stays near yearly low
SPXC was last at USD 169.71 on the NYSE on October 1, 2026 at 4:00 p.m. ET. Its 52-week range was USD 166.17 to USD 251.08, and its market capitalization was USD 8.5 billion on the same date.
MarketBeat lists October 28, 2026 as the date for SPX Technologies' third-quarter 2026 report. The upcoming release will give investors the first reported period containing the FIS Water acquisition.
SPX Technologies market snapshot
- Company: SPX Technologies, Inc.
- ISIN: US78473E1038
- Ticker: SPXC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 1, 2026, 10:22 p.m. CEST): EUR 150.75
- Change versus prior close: plus 0.70 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 149.70
- Market capitalization: USD 8.5 billion (as of October 1, 2026)
- 52-week range: USD 166.17-251.08 (as of October 1, 2026)
- Sector / Industry: Industrial Machinery & Equipment
- Next earnings date: October 28, 2026
